Hints and tips:
...Ditto, in the UK, Melrose’s 1-3 share consolidation last year. Then again, plenty of US companies also spurn splits. Veteran investor Warren Buffett is one naysayer....
...“Now that the market knows the Redstone family is open for business, the list of potential buyers could expand,” says Bernstein’s Yoon....
...Pepper Tree London has well-priced denim and army-style trousers, and on Friday mornings I go to Portobello vintage market under the bridge next to Portobello Green....
...A version of this article was first published by Nikkei Asia on July 27. ©2022 Nikkei Inc. All rights reserved....
...Orrick added Marsha Mogilevich as a partner in its capital markets practice in New York. She joins from Kirkland & Ellis....
...Books for children have the greatest staying power, with JK Rowling’s Harry Potter series the outstanding example....
...Stifel doesn’t like Melrose: Melrose has rallied further and faster than we dared imagine when we reset our expectations at the heart of this crisis....
...And Stifel: In little more than three weeks, the world has changed drastically for Melrose, as for many....
...It added that Melrose bosses received pay packages that “far outpaced” other European companies of similar market capitalisation. The pay awards stem from a 2012 incentive plan that paid out in 2017....
...That raises the possibility that a transaction could be structured differently to an outright acquisition of the GKN unit by Dana, which has a market value of $3.8bn....
...Two markets to watch closely as this unfolds are the UK and the US....
...Melrose declined to comment....
...JK RowlingThe author putting children at the centre of our narrative JK Rowling had just begun to write the first of the Harry Potter novels when her mother Anne died in 1990, having suffered from multiple...
...David Roper, one of the founders of the UK’s Melrose Industries, announced on Thursday that he would retire at the end of May next year. His nickname is The Grinder. More here....
...Melrose’s Chairman Christopher Miller said the group was “doing all we can to support [Brush] and its management team in tackling extremely adverse market conditions to be positioned for the best possible...
...“We believe the Melrose offer does not reflect the intrinsic value of GKN, and this position is supported by the current market price of GKN,” he said....
...The company said that it had generated £200m in sales of its own shows around the world with Patrick Melrose, the drama starring Benedict Cumberbatch, sold into 60 markets before it was aired in the UK....
...Dana Inc, the US automotive supplier which has inserted itself into the GKN-Melrose takeover battle, said on Monday the automotive market was looking brighter than it had previously thought, prompting it...
...There is a need for new debate about capital markets and the public good. Yet it is to be regretted that this debate is playing in the context of Melrose’s £7.8bn bid for GKN....
...Melrose’s pursuit of GKN, a FTSE 100 listed engineering brand with a 259-year heritage, represents its biggest acquisition attempt by market value and by sales....
...Its market value has fallen back below $1bn....
...Unilever, the £113bn consumer goods multinational, has long been a market leader in cleaning and personal care....
...Markets at 0808 GMT Asian markets Nikkei 225 up +8.27 (+0.03%) at 23,816 Topix up +2.18 (+0.12%) at 1,892 Hang Seng up +123.15 (+0.38%) at 32,378 US markets S&P 500 up +12.27 (+0.44%) at 2,810 DJIA up...
...81p plus 1.49 new Melrose shares for each GKN share....
...Legal & General Investment Management, one of the biggest investors in the UK stock market, this week warned that it would vote against companies at annual meetings where women did not make up at least 25...
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